1. ALLA AKTIER
  2. NYHETER
  3. VÄSTRA HAMNEN CORP. FINANCE

Västra Hamnen Corp. Finance

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Movinn: Progressing in Sweden

  • Lower demand in Aarhus and Odense
  • Swedish operations close to breaking even
  • We lower our fair share estimate to DKK 9.58 per share

Movinn’s Q2 report was in line with previous quarters, where the company showcases revenue growth but struggles with the bottom-line metrics. The operations in Sweden almost broke even in June 2023 and after the end of Q2 the company signed a lease agreement of 94 units in Copenhagen. The operational underperformance in recent quarters, which led to a downward revision of the company’s financial guidance, has prompted us to adjust our model resulting in a lower valuation for the company of DKK 9.58 per share.

The full report is available here.

About Market Focus

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se (https://twitter.com/vhcorp_se)

Datum 2023-09-01, kl 16:15
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